Illinois General Assembly - Bill Status for HB5070
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 Bill Status of HB5070  93rd General Assembly


Short Description:  FIN REG-DEBT MGMT SERVICE DEF

House Sponsors
Rep. Maria Antonia Berrios - Joseph M. Lyons - Monique D. Davis - Thomas Holbrook

Senate Sponsors
(Sen. Antonio Munoz - Iris Y. Martinez)

Last Action
DateChamber Action
  8/10/2004HousePublic Act . . . . . . . . . 93-0903

Statutes Amended In Order of Appearance
205 ILCS 665/2from Ch. 17, par. 5302


Synopsis As Introduced
Amends the Debt Management Services Act. In language defining "debt management service" as the planning and management of the financial affairs of a debtor for a fee and the receiving of money from the debtor for the purpose of distributing it to the debtor's creditors in payment or partial payment of the debtor's obligations or soliciting financial contributions from creditors, adds language providing that the distribution may be made directly or indirectly. Effective immediately.

 Fiscal Note (Department of Financial Institutions)
 House Bill 5070 has no fiscal impact to the State of Illinois.

Actions 
DateChamber Action
  2/5/2004HouseFiled with the Clerk by Rep. Maria Antonia Berrios
  2/5/2004HouseFirst Reading
  2/5/2004HouseReferred to Rules Committee
  2/18/2004HouseAssigned to Financial Institutions Committee
  2/20/2004HouseAdded Chief Co-Sponsor Rep. Joseph M. Lyons
  3/2/2004HouseAdded Chief Co-Sponsor Rep. Monique D. Davis
  3/3/2004HouseDo Pass / Short Debate Financial Institutions Committee; 016-000-000
  3/3/2004HousePlaced on Calendar 2nd Reading - Short Debate
  3/3/2004HouseAdded Chief Co-Sponsor Rep. Thomas Holbrook
  3/18/2004HouseFiscal Note Filed
  3/25/2004HouseSecond Reading - Short Debate
  3/25/2004HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/30/2004HouseThird Reading - Short Debate - Passed 116-000-000
  3/31/2004SenateArrive in Senate
  3/31/2004SenatePlaced on Calendar Order of First Reading April 1, 2004
  3/31/2004SenateChief Senate Sponsor Sen. Antonio Munoz
  3/31/2004SenateFirst Reading
  3/31/2004SenateReferred to Rules
  4/21/2004SenateAssigned to Financial Institutions
  4/29/2004SenateDo Pass Financial Institutions; 007-000-000
  4/29/2004SenatePlaced on Calendar Order of 2nd Reading May 4, 2004
  5/11/2004SenateAdded as Alternate Chief Co-Sponsor Sen. Iris Y. Martinez
  5/12/2004SenateSecond Reading
  5/12/2004SenatePlaced on Calendar Order of 3rd Reading May 13, 2004
  5/13/2004SenateThird Reading Deadline Extended - Rule 2-10, extended to January 11, 2005.
  5/17/2004SenateThird Reading - Passed; 055-000-000
  5/17/2004HousePassed Both Houses
  6/15/2004HouseSent to the Governor
  8/10/2004HouseGovernor Approved
  8/10/2004HouseEffective Date August 10, 2004
  8/10/2004HousePublic Act . . . . . . . . . 93-0903

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